• 11:11
  • Tuesday ,14 November 2017
العربية

Egypts Oct annual urban consumer inflation slows slightly to 30.8 pct

By-Ahram

Home News

00:11

Friday ,10 November 2017

Egypts Oct annual urban consumer inflation slows slightly to 30.8 pct

Egypt s annual urban consumer price inflation eased slightly in October to 30.8 percent from 31.6 percent in September, the official CAPMAS statistics agency said on Thursday.

 
Inflation soared to a record high in July on the back of fuel and energy subsidy cuts by the government.
 
Import-dependent Egypt abandoned its currency peg to the US dollar last November and the currency has depreciated roughly by half since then.